Data centre operator Equinix is expanding in the right locations in Europe. So says Steve Smith, chief executive of data centre operator Equinix. The Redwood City, Calif.-based company in May acquired Germany's Ancotel for about US$140 million, gaining assets in financial hub Frankfurt. It's also building its fifth data centre in Zurich, and expanding in Amsterdam and Paris.
While Europe's weakening economies pose a risk for Equinix - and heighten talk of possible consolidation in its field - Smith says Equinix can ride out the region's debt crisis better than many others. "We're in the strongest economies," Smith told IBD. "We're not in Greece. We're not in Spain. We're not in any of the economies that are having the biggest struggles. We're in London, in Frankfurt, Amsterdam and Paris. (The debt crisis) didn't scare us away."